This is an earnings trade. I believe SNDA is going to post better than expected earnings later today. The stock has had some recent profit trading and It's time to buy it. If you choose to buy this stock place a stop some where around 30. Good luck and good trading
Shanda is China's most diversified pure-play video game company. Close competitors such as NCTY (the 9) have suffered recently due to lack of diversification. Shanda has a strong development pipeline as well as key licensing partnerships with world-class game developers. Recent selloff in all Chinese stocks provide a great buy-in price for this undervalued stock at $26.
SNDA is a buy. Bullish stock in a expanding market, the chinese market. Online gaming in China is big and has the largest potential market. Korea is very big on online gaming and China is not far behind. Prior just partnered up with TEMCO to work on DOA online.
Shanda Interactive Entertainment (NASDAQ: SNDA) is a leading interactive entertainment media company in China. The firm offers a diversified content portfolio, including massively multi-player online role-playing games, online board games, network PC games, cartoons, works of literature and music. Shanda's interactive platform attracts a loyal base of users, who pay access subscription fees. Electronic Arts (NASDAQ: ERTS) is a major competitor.
Shanda Interactive Entertainment (NASDAQ: SNDA) is a leading interactive entertainment media company in China. The firm offers a diversified content portfolio, including massively multi-player online role-playing games, online board games, network PC games, cartoons, works of literature and music. Shanda's interactive platform attracts a loyal base of users, who pay access subscription fees. Electronic Arts (NASDAQ: ERTS) is a major competitor.
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